Yes, California does have that system, where reassessment only happens if you do a major remodel or if you sell the house, and property tax can only change by up to 2% per year. It was a ballot initiative, Proposition 13, and the libs in California are frothing at the mouth to get rid of it just like the libs here are about TABOR. Fortunately for Californians, Proposition 13 still has "third rail" status whereas my impression here is that a sizeable portion of Coloradans want to do away with TABOR.
Last edited by Rumline; 05-08-2017 at 11:33.
Most locales I've lived in adjust property tax based on current values, not purchase values. The funding from property taxes goes against a lot of different infrastructure and costs actually do increase over time. We might/can (and SHOULD) argue over whether some of those "services" need to be done -- I for one like but don't think we need to putting in all the road and sidewalk "improvements" that the city is doing under 2C funding from last year (a "one-time" waiver of TABOR refunds, letting the city keep some overage to address long-standing roadwork).
If the city or county didn't tax you through property tax, you'd see them coming at it through increases in fees, sales tax, or some other means. Most cities in Colorado are substantially different from 25-30 years ago and it's insane to think they could fund all that activity based on property values from that period. I'm all for reducing some if not most of that new activity but that's really the debate most citizens have to have.
The value they have my house at is complete nonsense. Just a quick search of the exact same models that sold in the neighborhood during their dates shows my value is off by $60 grand.
Ours just went up $78k . . . ouch.
Filing an online appeal is not difficult.
I appealed in 2015 and had my "value" reduced significantly.
I will be doing the same this year: https://www.ar-15.co/threads/148232-...light=assessor